Alithya Group Number Of Shares Shorted vs. Cash Per Share
| ALYA Stock | CAD 1.62 0.03 1.82% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.37 | 0.2868 |
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For Alithya Group profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Alithya Group to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Alithya Group inc utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Alithya Group's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Alithya Group inc over time as well as its relative position and ranking within its peers.
Alithya |
Alithya Group inc Cash Per Share vs. Number Of Shares Shorted Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Alithya Group's current stock value. Our valuation model uses many indicators to compare Alithya Group value to that of its competitors to determine the firm's financial worth. Alithya Group inc is number one stock in number of shares shorted category among its peers. It is rated second in cash per share category among its peers . The ratio of Number Of Shares Shorted to Cash Per Share for Alithya Group inc is about 1,938,492 . At this time, Alithya Group's Cash Per Share is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Alithya Group by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Alithya Group's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Alithya Cash Per Share vs. Number Of Shares Shorted
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
Alithya Group |
| = | 484.62 K |
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Alithya Group |
| = | 0.25 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Alithya Group Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Alithya Group, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Alithya Group will eventually generate negative long term returns. The profitability progress is the general direction of Alithya Group's change in net profit over the period of time. It can combine multiple indicators of Alithya Group, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 4.6 M | 4.8 M | |
| Interest Income | 668 K | 1.1 M | |
| Operating Income | -8.3 M | -8.7 M | |
| Net Loss | -16.7 M | -17.5 M | |
| Income Before Tax | -16.6 M | -17.4 M | |
| Total Other Income Expense Net | -8.3 M | -8.8 M | |
| Net Loss | -27.1 M | -25.7 M | |
| Net Loss | -16.7 M | -17.5 M | |
| Income Tax Expense | 61 K | 64 K | |
| Net Interest Income | -11.9 M | -11.3 M | |
| Change To Netincome | -5.7 M | -5.4 M | |
| Net Loss | (0.17) | (0.18) | |
| Income Quality | (0.94) | (0.89) | |
| Net Income Per E B T | 1.00 | 0.71 |
Alithya Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Alithya Group. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Alithya Group position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Alithya Group's important profitability drivers and their relationship over time.
Use Alithya Group in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alithya Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alithya Group will appreciate offsetting losses from the drop in the long position's value.Alithya Group Pair Trading
Alithya Group inc Pair Trading Analysis
The ability to find closely correlated positions to Alithya Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alithya Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alithya Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alithya Group inc to buy it.
The correlation of Alithya Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alithya Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alithya Group inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alithya Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Alithya Group position
In addition to having Alithya Group in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in Alithya Stock
To fully project Alithya Group's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Alithya Group inc at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Alithya Group's income statement, its balance sheet, and the statement of cash flows.